ELECTRON
ActiveSummary
ELECTRON has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,726 and a net result of €124,508. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 33% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €242,726
- Profit
- €124,508
Why 90raises riskSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €773,185Figures for financial year 2025 (filed 17-04-2026)Liquidity: current ratio 1.44, cash €165,108Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 33% on solvency, 53% on liquidity, 74% on profitability and 16% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 35 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 95% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,782 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,137 | €13,716 | €27,482 | €29,566 | €50,057 | €66,097 | €67,718 | ▲ 2.5% |
| Other operating charges640/8 | - | - | €1,269 | €1,197 | €1,432 | €8,136 | €2,171 | ▼ 73.3% |
| Gross operating margin9900 | €56,687 | €67,131 | €155,370 | €238,917 | €300,132 | €163,624 | €244,632 | ▲ 49.5% |
| Operating profit (loss)9901 | €38,847 | €50,681 | €126,619 | €208,154 | €248,642 | €89,390 | €174,742 | ▲ 95.5% |
| Financial income75/76B | - | - | €1,426 | €7,731 | €3,767 | €3,625 | €3,363 | ▼ 7.2% |
| Recurring financial income75 | €181 | €1,291 | €1,426 | €7,731 | €3,767 | €3,625 | €3,363 | ▼ 7.2% |
| Financial charges65/66B | - | - | €2,813 | €3,757 | €5,813 | €13,964 | €11,148 | ▼ 20.2% |
| Recurring financial charges65 | €902 | €4,202 | €2,813 | €3,757 | €5,813 | €13,964 | €11,148 | ▼ 20.2% |
| Profit (loss) for the period before taxes9903 | €38,125 | €47,770 | €125,232 | €212,128 | €246,596 | €79,051 | €166,957 | ▲ 111% |
| Income taxes67/77 | €4,789 | €6,773 | €24,890 | €48,681 | €57,771 | €20,496 | €42,449 | ▲ 107% |
| Profit (loss) for the period9904 | €33,336 | €40,996 | €100,342 | €163,446 | €188,825 | €58,555 | €124,508 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €33,336 | €40,996 | €100,342 | €163,446 | €188,825 | €58,555 | €124,508 | ▲ 113% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €144,471 | €194,574 | €310,473 | €489,812 | €777,137 | €776,948 | €773,185 | ▼ 0.5% |
| Fixed assets21/28 | €64,548 | €95,978 | €119,613 | €69,829 | €415,402 | €350,420 | €304,238 | ▼ 13.2% |
| Tangible fixed assets22/27 | €64,548 | €95,978 | €94,613 | €69,829 | €415,402 | €350,420 | €304,238 | ▼ 13.2% |
| Land and buildings22 | - | - | €2,524 | €2,389 | €192,688 | €186,199 | €183,433 | ▼ 1.5% |
| Plant, machinery and equipment23 | - | - | €32,617 | €27,612 | €134,357 | €102,038 | €83,170 | ▼ 18.5% |
| Furniture and vehicles24 | - | - | €59,472 | €39,828 | €88,357 | €62,184 | €37,635 | ▼ 39.5% |
| Financial fixed assets28 | - | - | €25,000 | €0 | - | - | - | - |
| Current assets29/58 | €79,923 | €98,597 | €190,860 | €419,983 | €361,735 | €426,528 | €468,947 | ▲ 9.9% |
| Stocks and contracts in progress3 | - | - | €65,036 | €24,330 | €45,000 | €72,757 | €37,000 | ▼ 49.1% |
| Stocks30/36 | - | - | €33,380 | €24,330 | €45,000 | €48,000 | €37,000 | ▼ 22.9% |
| Contracts in progress37 | - | - | €31,656 | €0 | - | €24,757 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €54,228 | €71,114 | €111,656 | €209,918 | €201,147 | €195,229 | €264,835 | ▲ 35.7% |
| Trade receivables40 | - | - | €42,807 | €118,605 | €95,387 | €43,664 | €125,336 | ▲ 187% |
| Other amounts receivable41 | - | - | €68,849 | €91,312 | €105,761 | €151,565 | €139,499 | ▼ 8.0% |
| Cash at bank and in hand54/58 | €23,743 | €25,457 | €12,047 | €184,524 | €114,588 | €157,318 | €165,108 | ▲ 5.0% |
| Deferred charges and accrued income490/1 | - | - | €2,121 | €1,211 | €1,000 | €1,225 | €2,004 | ▲ 63.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €144,471 | €194,574 | €310,473 | €489,812 | €777,137 | €776,948 | €773,185 | ▼ 0.5% |
| Equity10/15 | €51,936 | €92,933 | €193,275 | €247,309 | €318,487 | €318,218 | €242,726 | ▼ 23.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €33,336 | €74,333 | €174,675 | €228,709 | €299,887 | €299,618 | €224,126 | ▼ 25.2% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €172,815 | €226,849 | €299,887 | €299,618 | €224,126 | ▼ 25.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €92,534 | €101,641 | €117,199 | €242,503 | €458,650 | €458,730 | €530,459 | ▲ 15.6% |
| Amounts payable after more than one year17 | €40,120 | €60,652 | €43,207 | €19,088 | €283,863 | €240,023 | €205,436 | ▼ 14.4% |
| Financial debts170/4 | - | - | €43,207 | €19,088 | €282,723 | €240,023 | €205,436 | ▼ 14.4% |
| Other amounts payable178/9 | - | - | - | - | €1,140 | €0 | - | - |
| Amounts payable within one year42/48 | €52,414 | €40,989 | €73,991 | €194,258 | €173,547 | €218,708 | €325,024 | ▲ 48.6% |
| Current portion of amounts payable after more than one year42 | - | - | €53,707 | €29,139 | €41,503 | €41,605 | €34,587 | ▼ 16.9% |
| Trade debts44 | €9,578 | €12,950 | €14,279 | €62,397 | €5,812 | €99,359 | €31,355 | ▼ 68.4% |
| Suppliers440/4 | - | - | €14,279 | €62,397 | €5,812 | €99,359 | €31,355 | ▼ 68.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €50,000 | - |
| Taxes, remuneration and social security45 | - | - | €1,222 | €10,766 | €2,625 | €2,625 | €33,450 | ▲ 13× |
| Taxes450/3 | - | - | €1,222 | €9,341 | €1,200 | €1,200 | €30,600 | ▲ 26× |
| Remuneration and social security454/9 | - | - | - | €1,425 | €1,425 | €1,425 | €2,850 | ▲ 100% |
| Other amounts payable47/48 | - | - | €4,783 | €91,956 | €123,607 | €75,119 | €175,631 | ▲ 134% |
| Accrued charges and deferred income492/3 | - | - | - | €29,157 | €1,241 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,336 | €40,996 | €100,342 | €163,446 | €188,825 | €58,555 | €124,508 | ▲ 113% |
| + Depreciation and write-downs630 | €16,137 | €13,716 | €27,482 | €29,566 | €50,057 | €66,097 | €67,718 | ▲ 2.5% |
| Operating cash flow (approximation) | €49,473 | €54,712 | €127,823 | €193,012 | €238,882 | €124,652 | €192,226 | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | -€45,145 | -€51,117 | €20,219 | -€395,630 | -€1,116 | -€21,536 | ▼ 1,830% |
| Change in cash | - | €1,714 | -€13,410 | €172,477 | -€69,936 | €42,730 | €7,791 | ▼ 81.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-04-2026 | 2026-00081354 |
| 31-12-2024 | micro format | 16-04-2025 | 2025-00071074 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00358653 |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00158339 |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20172532 |
| 31-12-2020 | micro format | 17-06-2021 | 2021-20500567 |
| 31-12-2019 | micro format | 22-09-2020 | 2020-54800437 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €200 awarded · €200 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €111 | €111 |
| 2022 | 1 | €89 | €89 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CNOCKAERT Nicolas |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 202150%
According to the 2021 annual accounts of ELECTRON and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-01
Gazette deed
Appointment: CNOCKAERT Nicolas (director)Capital · Registered office clause · Power of attorney13 facts ▸
- Capital
- Other provision, “bestuurder” (deed in Dutch)
- Director appointment, CNOCKAERT Nicolas (director (not named in the articles))
- Registered office clause, “8630 Veurne,Polderweg 7” (deed in Dutch)
- Power of attorney (2 times)
- Power of attorney, Patrick Vercruysse
- General meeting, 21-12-2023
- Other provision, “omstandige verantwoording geplande wijziging voorwerp en aanpassing terminologie, verslag bestuursorgaan over wijziging voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing en beschikbaar maken voor uitkering” (deed in Dutch)
- +1 further fact in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0721.445.220
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38025E0326/00C002 | Flanders | 926 m² | 1 · 140 m² | 6.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het slopen,het bouwen,de algemene renovatie en de inrichting van gelijk welke bouwwerken en meer bepaald van individuele…” (deed in Dutch)
9 activities (deed in Dutch)
- Het slopen,het bouwen,de algemene renovatie en de inrichting van gelijk welke bouwwerken en meer bepaald van individuele huizen,appartementsgebouwen,kantoorgebouwen en van gebouwen voor industrieel of commercieel gebruik;aanneming van algemene bouwwerken.
- Alle hoe genaamde bedrijvigheid met betrekking tot de inrichting en de renovatie van elektrische installaties in de ruimste zin,met inbegrip van allerhande bedrading,toebehoren,armaturen,telefoon,computersystemen,verwarming en alarminstallaties,elektrotechnisch installateur.
- Het plaatsen van installaties van verwarming,koeling,klimaatregeling en ventilatie;installaties van waterleidingen,artikelen en apparaten voor sanitair gebruik,gasaansluitingen;sanitair installateur.
- Het afwerken van gebouwen waaronder voegwerken,glaswerken,stukadoorswerken,timmer en schrijnwerken,metalen schrijnwerk.
- Het plaatsen van thermische en geluidsisolatie.
- Plaatsen van vloerbedekking en wandbekleding van hout en andere materialen.
- De import,export,aan en verkoop van bouwmaterialen.
- Het verwerven,het verkopen,het huren en verhuren,het verbouwen,het herstellen,de instandhouding en valorisatie van roerende en onroerende goederen en rechten;de huurfinanciering van roerende en onroerende goederen aan derden;alle handelingen die rechtsreeks of onrechtstreeks met deze activiteiten in verband staan en die van die aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsook zich borgstellen.
- De ontwikkeling,het management,de algemene bouw en de verkoop van residentiële en nietresidentiële vastgoedprojecten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELECTRON
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie- reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Geschreven stuk, elke overdracht of overgang onder bijzondere of algemene titel,onder bezwarende titel of om niet,onder levenden of door…” (deed in Dutch)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere vereffenaar…” (deed in Dutch)